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2018-11-06

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2018-11-15T14:33:15.243Z

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To ask the Secretary of State for Education, what his Department’s policy is on the
period in which a multi-academy trust must repay advances made by the Education and
Skills Funding Agency; and if he will make a statement.

<p>An advance to an academy trust is an early payment on its General Annual Grant,
which is allocated to the trust for that year. It is not additional funding for the
trust. With each advance, there will be a mutually agreed schedule of monthly reductions
to offset the advance.</p><p> </p><p>The department continues to work with the sector
to build capacity and expertise in financial management and support effective school
resource management with specialist advisers, three year financial forecasting and
developing buying hubs and national deals for all schools. Where an academy trust
requires additional support, the Education and Skills Funding Agency will work with
the trust to build its capacity and help it reach a stronger position.</p><p> </p>